Saturday, December 25, 2010

December 2010. and year end results

I had busy December at my work so I couldn't trade at all. I didn't even open my charts.

For December
+6 pips


This year I made many subtractions from account as I promised myself last year. Total loss when everything is taken in account is -17%. In term of pips it's about -100 pips of a size that I use lately. So it's not that much but nevertheless it's a loss. I'm yet waiting for profitable year. It's a sad notion for now seven year trading career, although first three years before this blog were mainly trying out things with really nothing on the line in terms of risk.
Like Harvey says looking for consistency is now the main thing. So from that is coming the willpower to continue something like this that looks like losing proposition. Even though losing days hurt much more then we feel good on winning days, winning days give us hope that one day our p&l will be as good as of The forexbird.

This year I had experience of doubling my account from the low point around Spring. So now I know that it can be done with regular effort and not something special. At second half of the year which wasn't so good I pressed myself to trade with bigger positions to break out from range of comfort zone I had before. Also by trading full margin most of the time I wasn't able to average down which was my mountain high weakness before. With that I wish to continue in the future because if I give myself opportunity to average down, soon I will.

To all my readers I wish Merry Christmas and Happy New Year with peace in the mind and love in the hearth.


Risk Control Master said...

nice work and keep it up.

FX said...

Thanks. Nice to see you back.